Overview
What is Iowa Credit Union Foundation?
The Iowa Credit Union Foundation, established in 1995 as the philanthropic arm of the Iowa Credit Union League, is a nonprofit organization with a mission to promote financial well-being for all individuals. Guided by the credit union philosophy of "people helping people," the foundation champions its vision as a hub for credit union philanthropy. One of its primary initiatives involves Individual Development Accounts (IDAs), offering matched savings accounts for low and moderate-income working savers. By saving and meeting specific guidelines, savers can subsequently utilize the funds to purchase assets such as homes, businesses, education, or vehicles. The Iowa Credit Union Foundation currently employs a team of two dedicated professionals.
Official website here: www.iowacreditunionfoundation.org
Is Iowa Credit Union Foundation legitimate?
Iowa Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Credit Union Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $94,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,028
For more financial information, click here
Official website here: www.iowacreditunionfoundation.org
What is the mission statement of Iowa Credit Union Foundation?
The Iowa Credit Union Foundation, established in 1995 as the philanthropic arm of the Iowa Credit Union League, is driven by the credit union philosophy of "people helping people." Its mission is to champion financial well-being for all. The foundation serves as a hub for credit union philanthropy, with a vision to make significant strides in this field. One of its initiatives involves Individual Development Accounts, which are matched savings accounts for low and moderate income working savers. The Foundation matches savings up to a certain amount, based on guidelines from match fund providers. Savers can then utilize this money to purchase assets such as a home, business, education, or vehicle.
Official website here: www.iowacreditunionfoundation.org
What is the revenue of Iowa Credit Union Foundation?
Iowa Credit Union Foundation's revenue in 2023 was $494,711.
Official website here: www.iowacreditunionfoundation.org
Who are the executives of Iowa Credit Union Foundation and what are their salaries?
The average compensation at Iowa Credit Union Foundation during 2023 was $64,490. There are 2 employees and 16 volunteers at Iowa Credit Union Foundation.
Here are 16 key members and their salaries:
- Compensation: $79,852
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- Other: $15,100
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Official website here: www.iowacreditunionfoundation.org
Where can I find the form 990 for Iowa Credit Union Foundation?
Iowa Credit Union Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iowacreditunionfoundation.org
Learn more at the official website: www.iowacreditunionfoundation.org
Mission Statement of Iowa Credit Union Foundation
The Iowa Credit Union Foundation, established in 1995 as the philanthropic arm of the Iowa Credit Union League, is dedicated to championing financial well-being for all. Guided by the credit union philosophy of "People Helping People," the foundation operates with a vision to become a hub for credit union philanthropy. One of their key initiatives is the Individual Development Accounts (IDAs), which are matched savings accounts for low and moderate income working savers. The foundation matches savings up to a certain amount, based on guidelines from match fund providers. The saved money can then be used to purchase assets such as a home, business, education, or vehicle.
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Impact
October, 2024
Iowa Credit Union Foundation (ICUF) plays a vital role in promoting financial well-being among diverse communities. By implementing Individual Development Accounts (IDAs), ICUF provides matched savings accounts tailored for low and moderate-income working savers. This program empowers individuals to save for significant purchases—be it a home, education, a vehicle, or starting a business—by matching their contributions up to a specific limit, following established guidelines from match fund providers.
Since its founding in 1995 as part of the Iowa Credit Union League, ICUF has embraced the philosophy of "people helping people" to drive its initiatives. The foundation serves as a hub for credit union philanthropy, creating pathways for individuals to achieve financial independence and stability. Through its efforts, ICUF not only enhances individual lives but also strengthens communities across Iowa, fostering economic growth and resilience.
This information is meant to be a general summary of Iowa Credit Union Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $53,423
- Program Service Revenue: $15,000
- Gross Receipts: $642,262
Assets and Liabilities:
- Total Assets: $2,092,625
- Total Liabilities: $14,073
- Net Assets: $2,078,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL COACH
Revenue
$15,000
Organization Details
Founding Year
1995
Principal Officer
Jelena Babic Barnes
NTEE Category
Code: Z99 - Unknown
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